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- German business climate index stabilized in October - ifo
German business climate index stabilized in October - ifo
According to the report from Ifo Institute for Economic Research, the headline German Business Climate Index came in at 94.6 in October, same as recorded in the previous month but was slightly better than consensus estimates (94.5).
Meanwhile, the Current Economic Assessment arrived at 97.8 points for the reported month as compared to last month's upwardly revised reading of 98.6 and slightly below 98.0 anticipated.
On the other hand, the IFO Expectations Index – indicating firms’ projections for the next six months –jumped to 91.5 for October, up from previous month’s 90.9 and beating market expectations of 91.0.
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